Empower Advisory Group LLC Decreases Stock Holdings in Deere & Company $DE

Empower Advisory Group LLC reduced its holdings in shares of Deere & Company (NYSE:DE) by 1.8% during the second quarter, HoldingsChannel.com reports. The fund owned 28,193 shares of the industrial products company’s stock after selling 521 shares during the quarter. Empower Advisory Group LLC’s holdings in Deere & Company were worth $14,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Deere & Company during the 2nd quarter worth $25,000. Activest Wealth Management raised its position in Deere & Company by 2,750.0% in the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 55 shares during the period. Marshall & Sullivan Inc. WA bought a new stake in Deere & Company in the second quarter worth about $38,000. Livelsberger Financial Advisory purchased a new position in Deere & Company in the second quarter valued at about $39,000. Finally, Center for Financial Planning Inc. grew its position in shares of Deere & Company by 406.7% during the 2nd quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 61 shares during the period. Institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Deere & Company in a report on Thursday. They issued an “overweight” rating and a $543.00 price target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research note on Tuesday. DA Davidson cut their price target on Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Wolfe Research decreased their price objective on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Finally, Robert W. Baird dropped their price objective on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $520.05.

Deere & Company Trading Up 0.5%

Shares of DE opened at $475.76 on Friday. The business’s 50-day moving average price is $466.04 and its 200-day moving average price is $490.89. Deere & Company has a twelve month low of $390.00 and a twelve month high of $533.78. The stock has a market cap of $128.61 billion, a PE ratio of 24.87, a P/E/G ratio of 3.05 and a beta of 1.04. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. The company had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. Deere & Company’s revenue was down 9.0% compared to the same quarter last year. During the same period last year, the business earned $6.29 earnings per share. On average, equities analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is presently 33.87%.

About Deere & Company

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.